Actuarial Life, Senior Associate

PricewaterhouseCoopers International; Toronto; Hybrid; CAD 150,000 - 200,000; Full time

Job summary

A leading consulting firm in Toronto is seeking a Life Actuary to support risk modeling, consulting services, and audit support assignments. As a Senior Associate, you will work with senior actuaries and manage engagements, focusing on IFRS 17 implementations and team leadership. Candidates should possess prior actuarial experience in life insurance, be pursuing the FSA/FCIA designation, and demonstrate strong analytical skills. The role offers a competitive compensation and a hybrid working environment.

Benefits

Competitive compensation package

Inclusive benefits

Flexibility programs

Qualifications

• Prior experience in an actuarial role in life insurance / reinsurance.
• Actively pursuing the FSA/FCIA designation.
• Strong technical skills using MS Office suite.
• Proficiency in Moody’s AXIS and Risk Integrity preferred.
• Ability to manage multiple, concurrent priorities.

Responsibilities

• Support consulting services and audit assignments.
• Collaborate on external audit engagements.
• Work on IFRS 17 implementations and model governance.
• Lead engagements and coach junior staff.

Skills

Prior experience in an actuarial role in life insurance / reinsurance

Exceptional commitment to providing excellent client service

Advanced analytical and problem-solving skills

Working knowledge of IFRS 17

Proficiency in Moody’s AXIS

Strong technical skills with MS Office

Familiarity with data analytic tools (Tableau, Alteryx)

Object-oriented programming languages (VBA, python, SQL, C++)

Education

Actively pursuing the FSA/FCIA designation

Job description

A career in our Risk Modelling Services (RMS) team as a Life Actuary, will provide you with the opportunity to contribute risk modeling and general insurance advice and consulting services to clients across all sectors. You’ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modeling, underwriting, new legislation, and the efficiency of claims or reporting processes. You will also have the opportunity to work with other professionals within PwC leveraging the latest in technology to help solve client challenges. With us, you will have a clear career path, leaders who care about and support your development and goals. We focus on offering diverse learning and development opportunities to produce well-rounded professionals.

Meaningful work you’ll be part of

As an Actuarial Life, Senior Associate, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. Responsibilities include but are not limited to:

• Supporting a broad range of consulting services and audit support assignments. Consulting services involve working closely with senior actuaries on Appointed Actuary and actuarial liability valuation work, capital review and analysis, advisory services on IFRS 17, M&A related consulting, pricing and product development, AI validation, model risk management, climate risk management, and a variety of other consulting work

• External audit engagements include examination and review of valuation methodologies and assumptions, valuation processes and data, experience studies, Economic Scenario Generator (ESG) review, FCT reports and regulatory capital reporting.

• Working on IFRS 17 implementations, insurance systems modernization, model governance and AXIS modelling

• Collaborating, planning and executing cross‑functional projects with people outside of your core discipline including Advisory, Deals, Assurance, Tax and Data & Analytics

• Working towards leading your own engagements and teams

• Coaching and providing technical training to junior staff to deliver results

Experiences and skills you’ll use to solve

• Prior experience in an actuarial role in life insurance / reinsurance

• Actively pursuing the FSA/FCIA designation

• Working knowledge of IFRS 17, investment, hedging, stochastic modeling, segregated funds, participating products or product development considered an asset

• Demonstrated strong technical skills using MS Office suite, proficiency in Moody’s AXIS and Risk Integrity is preferred

• Proven ability working with data analytic tools (Tableau, Alteryx) and object‑oriented programming languages (VBA, python, SQL, C++) considered an asset

• Exceptional commitment to providing excellent client service, by building and maintaining productive relationships with both internal and external clients

• Advanced analytical and problem‑solving skills with strong attention to detail

• An interest in upskilling for a digital world and technology trends, an openness to learning new tools and adapting how you work

• Ability to manage multiple, concurrent priorities and work effectively under tight timelines

• Hybrid ways of working PwC Canada is committed to cultivating an inclusive, hybrid work environment. Exact expectations for your team can be discussed with your interviewer

Why you’ll love PwC

We’re inspiring and empowering our people to change the world. Powered by the latest technology, you’ll be a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life. Learn more about our Application Process and Total Rewards Package at: https://jobs-ca.pwc.com/ca/en/life-at-pwc

PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations, Métis and Inuit Peoples. We recognize the systemic racism, colonialism and oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity

We’re committed to providing accommodation throughout the application, interview, and employment process. If you require accommodation to be at your best, please let us know during the application process.

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